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Property Type: Detached HouseOwnership: Freehold
23 FOREST RIDGE Avenue
Waterdown, ON L8B1V5
MLS® 40872394
45
Walk Score
0
Transit
35
Bike
$1,249,900
4 bed3.5 bath4 parking2,327 sqft
45
Walk Score
0
Transit
35
Bike
Property Details
Property & Lot
- Sub-type
- House
- Style
- Other
- Stories
- 2
- Frontage
- 36 feet
R1-69
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $9,199
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
- Central air conditioning
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Basement | — |
| Primary Bedroom | Second level | 12'2'' x 14'2'' |
| Recreation room | Basement | — |
| Great room | Second level | 14'5'' x 17'6'' |
| 4pc Bathroom | Second level | — |
| 4pc Bathroom | Second level | — |
| Bedroom | Second level | 10'4'' x 12'6'' |
| Bedroom | Second level | 10'0'' x 12'5'' |
| Bedroom | Second level | 10'0'' x 13'6'' |
| Breakfast | Main level | 10'0'' x 12'3'' |
| 2pc Bathroom | Main level | — |
| Kitchen | Main level | 10'0'' x 12'5'' |
| Dining room | Main level | 11'5'' x 17'8'' |
| Family room |
Description
Welcome to this beautifully maintained home in the desirable Cranberry Hill community of East Waterdown. Offering over 3,200 sq. ft. of thoughtfully designed living space, this residence is ideal for a growing family. The main level features a bright white kitchen with quartz countertops, a large centre island, high-end appliances, a walk-in pantry, and additional cabinetry beyond the original plans. Enjoy a separate formal dining room and a comfortable family room and powder room. Step outside from the kitchen to a fully fenced yard complete with hot tub and gazebo backing onto Cranberry Hill Park for added privacy and green space. A standout feature is the impressive great room with soaring 14-foot ceilings and a gas fireplace, just a few steps up from the main level. Double French doors open onto a private balcony—perfect for morning coffee. The upper level offers a generous primary bedroom with walk-in closet and ensuite, plus three additional bedrooms and a full bathroom. The lower level includes a dedicated laundry room, family room, and abundant storage. Tasteful finishes throughout and lovingly maintained. A wonderful opportunity in a family-friendly neighbourhood. Don’t be TOO LATE *! *REG TM. RSA (id:63161)
Listing Information
- MLS®
- 40872394
- Data last synced
- October 30, 2026
RE/MAX Escarpment Realty Inc.
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX Escarpment Realty Inc.
MLS® Number: 40872394
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of Cornerstone Association of REALTORS®.
Values & Trends
This listing
$537/sqft
Building average
—
No other active listings in this building
461 - Waterdown East average
$490/sqft
20 active listing(s)
Parking: 4 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Halton Hills
15°C
Mainly Clear
Humidity 88%
Wind WNW 14 km/h
Tonight
7°
Friday
14°
Friday night
1°
Saturday
14°
Saturday night
4°
Sunday
16°
Source: Environment and Climate Change Canada.
Nearby Schools
| School |
|---|
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Mortgage & Ownership Cost Calculator
Minimum required: 8.0% ($99,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$999,920.00
Periodic payment — Principal & Interest (monthly)$6,451.14
Additional monthly expenses (condo fees, tax, utilities, etc.)$882.58
Total monthly cost$7,333.73
Interest paid over 5-yr term$286,579.95
Balance at end of term$899,431.27
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$99,990
Stress test qualifying rate8.19%
Payment you must qualify for$8,916.10
Cash Needed at Closing
Minimum down payment$99,990
Estimated Land Transfer Tax (LTT)$21,473
Legal / closing costs (typical estimate)$1,500
Total cash needed$122,963
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
